VOL. XXXIX No. 54 7-October-1996UAE

UAE Oil Revenue Estimated At $9Bn In 1995 According to preliminary figures published by the UAE Central Bank, UAE Government oil revenue in 1995 stood at Dh33.23bn ($9.05bn), or 76.1% of total federal government revenue of Dh43.65bn ($11.89bn). The bank said that the average price of UAE oil increased to $16.64/B in 1995 from $15.57/B in 1994. As far as concerns the current account in theUAEbalance of payments, the value of oil exports in 1995 stood at...